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Generally, the payment of an accelerated death benefit is _______ to a recipient if the benefit payment is qualified.

IrinaK [193]

The correct answer is Tax free.

An Accelerated Death Benefit (ADB) enables the holder of a life insurance policy to obtain a portion of the death benefit from the insurer before passing away. The policyholder must typically have a terminal illness with a life expectancy of two years or fewer.

<h3>How are benefits for hastened death paid?</h3>

A lump amount may be provided as part of some hastened death benefits. With a benefit for a terminal disease, this happens more frequently. Payments for chronic illnesses are more frequently made. According to Schelhaas, some accelerated death benefit riders are simple because they pay a specific portion of the death benefit.

To know more about Insurance , visit: brainly.com/question/27822778

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8 0

2 years ago

What types of planning do you do in your personal life? Describe these

asambeis [7]

Answer:

Every day we perform series of activities in which few are very important while other may not be. But to perform every activity, we need to design the things systematically. We prioritize our activities as per their importance and then we take the action to make it fruitful. As per their value and importance we may develop following types of plan in our daily life;

Strategic or operational plan: Strategic or Operational Plan means an arsenal plan which tells how we can achieve the ultimate goal of our given task by creating clear and defined steps. As an operational plan, if we have an important task in our hand then we have to create step by step action which is oriented towards achievement of overall objective. Eg: If Periodical exams are due for...

4 0

3 years ago

Which of the following is good for our economy?

Otrada [13]

Answer:

Stable prices

Explanation:

Stable prices created a structured economy without residents having to constantly adapt to deflation, inflation etc.

8 0

3 years ago

Drawing tree diagrams. After taking a course on statistics, 88% of students can successfully construct tree diagrams. Of those w

Yuliya22 [10]

Answer:

A. Check the image

B. The probability that a student is able to construct a tree diagram if it is known that he or she passed is 79.2%

Explanation:

a) A tree diagram is a tool that simplifies the distribution of probabilities. So we start making branches (lines) according to the probability of each succes to happen, so in this case we first divide the tree diagram between those who can construct tree diagrams that represent the 88% so it means it has a probability of 0.88 and those who can't construct tree diagrams, so if 88% can just 12% can't construct tree diagrams that is a probability of 0.12. This is the first part of the tree diagram.

After that tere is another condition that is passing so for those who construct it is the 90% (0.9 probability) for passing, so in this group it is just 10% (0.1 probability) that doesn't pass. Now for those who don't construct tree diagrams, 60% (0.6 probability) pass so 40% losses (0.4)

See in the diagram that if you add the numbers that compound each of the vertices the result is a 100% or 1.0 probability, this is what you have to take into account when you are constructing a tree diagram.

b) For calculating a probability after constructing the tree diagram you just need to multiply each of the factor in which you are interested. In this case:

Construct tree diagram X Pass = 0.88 x 0.9 = 0.792

So the probability for a student that can construct a tree diagram to pass is 0.792, now for having in percentage we just need to multiply by 100% then:

0.792 x 100 = 79.2%

4 0

3 years ago

In June, The Forest Ltd. received a $5,000 cash payment for work billed the previous month. During June, the company replanted a

Sloan [31]

Answer:

The Forest Ltd.

The revenue for June was:

$21,585.

Explanation:

a) Data:

Cash receipt from customers for May = $5,000

Invoice for June services rendered = $21,585

Beginning inventory of trees = $1,000

Purchases of trees = $4,000

Ending inventory of trees = $500

Cost of trees planted = $4,500

Office rent expense = $1,000

Miscellaneous expenses = $3,000

Depreciation on truck and office equipment = $500

Income tax rate = 10%

Revenue for June = $21,585

b) The revenue of Forest Ltd. for the month of June can be calculated as the number of trees replanted multiplied by the average price of replanting services provided. Assuming that cost of the trees replanted and other expenses incurred are subtracted from the company's revenue, then one arrives at the income before tax. After the deduction of the tax expense for the month, the resulting balance is called the net income or loss.

8 0

3 years ago